DC Metro Area Home Prices Going To Insane Price Levels Are Perfect Example of Cantillon Effect

by
Sharing is Caring!

All cash bidding wars for single family homes (including tear downs) and luxury condos in the DC metro area are going insane with rising prices!

76 all-cash offers on one home. The housing madness shows no signs of slowing amp.cnn.com/cnn/2021/03/29/su…​

See also  Kroger Reports Insane Price Hikes As Business Starts Collapsing All Around Us
We are primarily funded by readers. Please subscribe and donate to support us!

This is another perfect example of the Cantillon Effect as the DC metro area is closest to the new currency and credit trough that the DC Fed creates so economic and political insiders and elites here in the area get more currency and credit cheaper and easier and they buy up houses and luxury condos with extra cash.

See also  Financial Post: The debt-to-income ratio has reached “record” levels of 180%

Soaring home prices are starting to alarm policymakers www.politico.com/amp/news/202…

 

 

Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.